Estate & Trust Planning for Educational Expenses Out of Stock
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About the Seminar - Computer Based Audio ONLY programs (No Video) - DOES NOT QUALIFY FOR CLE BIG TICKET
This program will provide you with a detailed review of the estate and trust alternatives for funding educational and related expenses for heirs. The program will cover the types of Section 529 plans available, including state-sponsored plans that are comparatively inflexible but tax-favored and private plans that are more flexible but might carry fewer financial incentives. The varying tax treatment of these vehicles - form statutorily-defined plans to various types of trusts to custodial accounts - will also be analyzed. Issues of control (how soon does a child or other beneficiary gain control of the funds, if ever?), the eligibility of beneficiaries, and what type of expenses may be covered by the plan will be discussed. This program will provide you with a framework for understanding the range of alternatives and the practical financial, tax and control tradeoffs of each alternative.
-Estate and trust planning alternatives for funding educational expenses
-Impact of new tax law on planning for education expenses
-State-sponsored v. Independent 529 Plans - tax and control tradeoffs of each
-Coverdell Education Savings Accounts (ESAs) - option for college and K-12 expenses
-Use of custodial accounts under UTMA and UGMA
-2503(c) Trusts and the annual exclusion
-Impact of kiddie tax on funding educational expenses of children and grandchildren
-Crummey Trusts for multiple beneficiaries and children who are not minors
About the Speaker
Blanche Lark Christerson is a managing director at Deutsche Bank Private Wealth Management in New York City, where she works with clients and their advisors to help develop estate, gift, tax, and wealth transfer planning strategies. Earlier in her career she was a vice president in the estate planning department of U.S. Trust Company. She also practiced law with Weil, Gotshal & Manges in New York City. Ms. Christerson is the author of the monthly newsletter Tax Topics." She received her B.A. from Sarah Lawrence College, her J.D. from New York Law School and her LL.M. in taxation from New York University School of Law.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Estate Planning & Probate Law Specialization Credit.
This seminar is an Intermediate level program.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2020, please use this course code: 201716ADT
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2021, please use this course code: 213341ADT